EARNINGS WATCH- Arabian Cement Company reported a consolidated net profit after tax in 2Q2017 of EGP 12 mn, down from EGP 109 mn in 2Q2016, according to the company’s financial statements. Revenues for 2Q2017 fell to EGP 541 from EGP 574 mn during the same period last year.

Porto Group reported 1H2017 consolidated net profit after tax of EGP 178 mn, up from EGP 43 mn in the same period last year, according to a regulatory filing (pdf). The company posted 1H2017 revenues of EGP 1.2 bn, up from EGP 422 mn in 1H2016.

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